Full release from B of A
We just received a "full release" for a client from B of A. They first asked for $5,000 cash or a $10,000 note and did not mention release of liability on the note. I questioned the negotiator and he came back with the "release" verbiage. We then received final documents without a release of liability. Dealing with a different negotiator now and she advised our client's loan did not allow for a full release. I went back to the original negotiator and he passed it on to his manager. This a.m. we did get a letter with full release for our clients. All in all, this transaction went well.
Replies to This Discussion
-
Permalink Reply by Laura Marshall on
-
This didn't happen to be a Freddie Mac file did it? I'm having a bear of a time trying to get a release on a Freddie Mac. Thanks!
-
Permalink Reply by diane turner on
-
How long did this process take - from loading the docs into Equator until the approval comes thru? Our docs were uploaded in July and we were expecting it to be done within 90 days....
-
Permalink Reply by Wendy Rulnick on
-
David - Was this is junior or senior lien? What state are you in? What does the exact language say in the letter (snippet would be great!). Thank you!
-
Permalink Reply by Susan Motta Knight, LLC on
-
Good for you David, I am negotiating with Wells Fargo and the exact same thing happened accept that WF now says the investor is FNMA and they will always reserve the right to collect. Any advice or comment? They did verbally agree to release him.
© 2024 Created by Short Sale Superstars LLC.
Powered by
**********************************
like buttons